An ethical person - like a politician, banker or lawyer - may know right from wrong, but unlike many of them, a moral person lives it. An Americanist first already knows that.
Bankers and their government agents will always act in their own best interests. Any residual benefit flowing down to the citizens by happenstance will just be litter.

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Monday, April 30, 2012

Missouri politicians aim to simplify use of gold as money

2012-APR-30

Missouri
is the latest US state that is trying to follow Utah's example by
allowing physical gold and silver to be used as legal tender. According
to the Constitution, gold and silver coins – such as the American Gold
and Silver Eagle – should be accepted as legal tender in all of the US,
but of course this has long since ceased to apply in practice. But now
some members of the Missouri House of Representatives are working on
simplifying the payment process with precious metals, and are hoping to
introduce special gold and silver accounts for all monetary transactions done in the state.

This plan is similar to a law passed in Utah, which allows citizens
to use a bank card “backed” by physical gold and silver. Such moves
could presage similar moves in other states, given the increasing
opposition to the Federal Reserve’s easy money policies.

In contrast to the Missouri Republican representatives – most of which support these moves – Missouri Democrats
are sceptical and even opposed to simplifying the payment process with
physical gold and silver. According to recent statements by the
Democrats, the legislature currently has more important issues to deal
with.

These are small moves at the moment, which are happening in state
legislatures as opposed to Congress in Washington. Nevertheless, this
could all be the harbinger of something bigger as far as American sound
money is concerned.